Board Of Directors

Shri Virendra Bansal assumed charged as Chairman & Non-Executive Director of SBICAP Trustee Company Limited from March, 2024 and Managing Director & Chief Executive Officer of SBI Capital Markets Limited (SBICAPS) in February 2024.
Prior to this, he was the Country Head for the US Operations of SBI, which included its offices in New York, Chicago, Los Angeles, Sao Paulo and Washington DC. Shri Bansal has also worked as the Chief Executive Officer, SBI New York Branch and Vice Chairman of SBI (California) a US Retail Banking subsidiary of the Bank. He has also worked in SBI UK operations as Head (Trade) and Head of retail branch handling high net worth customers.
He is a career banker with over 33 years’ experience with State Bank of India in India and outside. Having joined as a directly recruited Probationary Officer in 1990, Mr. Bansal has handled several important and crucial assignments in diverse areas of Credit, International Banking and Retail Banking. His prior assignments include Deputy General Manager & Relationship Manager at Corporate Accounts Group of State Bank of India at Mumbai where he managed relationship with some of the large corporates with aggregate credit exposure of USD 8.00 billion approx.
He holds a bachelor’s degree in engineering (Mechanical) and has certification of AML/ KYC from Indian Institute of Bankers.

Shri. Shesh Verma has over 31 years of banking experience, having started his career as a Probationary Officer with State Bank of India in 1991. He has held various positions in India, across multiple functions viz., Retail Banking, Commercial Banking, Branch Banking, High Value Credit, Import Export Finance, Forex Operations, Retail Branch Head, Commercial Branch Head, Controllers of Commercial Banking Branches etc., <br>Prior to assuming charge as Nominee Director at STCL, his roles included General Manager at Pune with 4 corporate branches catering 200 corporate and non-corporate customers of entire Madya Pradesh and Maharashtra (ex-Mumbai), from May 2021 to May 2023. <br>He was DGM in Credit Management, SBI, Corporate Centre from July 2020 to April 2021, DGM and Branch Head, CCG Branch, Nehru Place, New Delhi from June 2019 to June 2020. He was RM at Overseas Branch, New Delhi from June 2018 to May 2019 with credit portfolio of 10 large corporate customers, including 4 large PSUs. <br>The most challenging assignment of his career was maintaining top ranking in Business growth as well as compliance amongst all 7 zones of Patna Circle, when he was the Dy GM and Zonal Head at Dhanbad, Jharkhand from Sept 2016 to May 2018 where he headed 4 regions having 180 branches including 3 SME Branches, 2 RASMECCS, 6 districts headquarter branches and 175 retails branches spread over 6 districts of State. <br>He was AGM & Branch Head for the Overseas Branch Moradabad (U.P.) with a team of 50 Officers and staff, engaged in providing entire range of Banking services to large exporters of metal and non-metal who supply handicrafts to entire world. <br>During the period 1991 to 2010, he had held assignments spanning various facets of Relationship Manager – Corporate customers at Overseas Branch, Kanpur, Team Leader – Credit Processing at LHO Lucknow, Chief Manager and Branch Head, Credit Specialist, Division Manager, Credit Officer, Human Resources Manager, Branch Manager and Assistant Manager – General Banking in Kanpur, and Lucknow, Uttar Pradesh. <br>He is B. Com with master’s degree in economics, CAIIB Part I & II and holds Post Graduate Diploma in Financial Advising, AMFI, MSME, General Insurance, AML & KYC.

Shri. Balkrishna Vinayak Chaubal retired as Deputy Managing Director of State Bank of India, after serving for more than 38 years with the bank. His role inter alia included formulation of policy as well as strategy, ensuring regulatory compliance like maintenance of CRR/SLR, managing liquidity through money market operations and contributing to investment decisions, Asset Liability Management and Market Risk Management. He was overall in-charge of global markets' operations involving bank's investments and forex. Shri Chaubal holds a Bachelor's degree in Science from the Institute of Science, Nagpur and Master's degree in Physics from the Indian Institute of Technology, Mumbai. He is also a Visiting Professor at the National Institute of Bank Management, Pune, specializing in commercial banking, corporate governance and strategy. He is also a Certificated Associate of the Indian Institute of Bankers. Presently, Shri Chaubal is the Chairperson of the Governing Board of Central Depository Services (India) Limited (CDSL) w.e.f July 30,2019 as Public Interest Director. He is also Director on the Board of GVFL Trustee Company Limited.

Shri. Vinod Kumar is currently an Additional & Non- Executive Director on the Board of SBICAP Trustee Company Limited. He joined State Bank of India in 1986 and has held various important assignments in the Bank. He has done Master of Business Administration (MBA) and a Certified Associate of Indian Institute of Bankers.<br> A career banker with experience of over 36 years, Mr. Kumar has held various positions across a wide range of domains including International Banking, Corporate Clients Group, Retail Banking. His major assignments were CEO, SBI Osaka Branch, DGMs of various Commercial Clients Group Branches.<br> Prior to assuming his current responsibilities, He was the General Manager (Credit), State Bank of India, International Banking Group. The International Banking Group comprises international operations of the Bank which are spread across 229 offices in 31 countries with a business portfolio of more than USD 60 bn and a staff complement exceeding 3000. As a Head of Credit department, Mr. Kumar is responsible for business strategy, business development, operational efficiency, and other functional areas of the credit business of all the foreign offices of State Bank of India.<br> Presently, he is a Chief General Manager of Commercial Clients Group looking after the North India Region which includes Branches spread in the States of Delhi, Uttar Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Himachal Pradesh, J & K etc. His current profile includes overall supervision and development of Corporate Credit in the North India Region.

Shri. Chandrasekaran is a Bachelor of Technology (Chemical) B-Tech and Graduate from IIT, Madras. He had worked with SBI for over 35 yrs in the field of Credit, Treasury, Forex, SME & many other banking fields. He retired as a Chief General Manager from SBI. Presently, he is inducted on the STCL Board as a nominee Director of SBICAP.

Shri. Sanjay Panse is a Fellow Chartered Accountant and also the founder and Senior Partner of S Panse & Co LLP, Chartered Accountants. He has post qualification experience of over 30 years. Government of Maharashtra had appointed him as a member of Fee Regulatory Authority under Maharashtra Unaided Private Professional Educational Institutions (Regulation of Admissions and Fees) Act, 2015. <br>Banking, Finance, Capital Market and Insurance - He has exposure to intricate Business Processes and Regulatory and Compliance Issues of Mutual Funds, FPI's, Portfolio Managers, Insurance, Banking and is a participant in almost every Financial Sector in India. He has deep understanding of Accounting, Audit and functioning of Financial Markets Sector Participants and has spearheaded practice of S Panse & Co LLP in the area of Audit, Quality Assurance Services, Due Diligence, Internal Audits, Advisory Services to the Mutual funds, Portfolio Managers, Banks, Insurance Companies and Other Intermediaries in Capital Market. He is a frequent speaker and writer on Economic and Financial Matters. He has submitted Research Paper on "Mutual Fund Valuations & Accounting Policies & Practices to the ICAI and has published articles in technical journals. He has also served as Independent Director on the board of Saraswat Co-operative Bank Ltd. and is presently on the Board of Saraswat Infotech Ltd. He is also serving as an Independent Director on the board of ECA Trading Services Limited. Infrastructure & Railways - He was an Independent Director on the Board of Mumbai Railway Vikas Corporation Ltd. (MRVC) and also the Chairman of Audit Committee – MRVC. <br>SEBI - Shri. Sanjay Panse was nominated by SEBI on its Secondary Market Advisory Committee (SMAC) and is also nominated as an expert member on working group of Mutual Funds handling Inter-scheme Transactions, Accounting etc.

Shri. Daya Shankar is the Deputy General Manager of SBI and deputed as MD & CEO of SBICAP Trustee Company Limited. He started his career in SBI as a Probationary Officer and joined SBI in May 2000. He has worked in various capacities viz. Field Officer, Project Officer – IT Support Services (LHO Bhopal), Branch Manager at Shivaji Nagar (Bhopal), Nasrullaganj and Special Housing Finance, Bhopal. He was a faculty member in SBI Learning & Development, Jabalpur and worked as a Chief Manager at Kankerbagh and J.C. Road Branch, Patna. He also worked as an AGM at Ranchi Branch, RBO (Ranchi Rural), SARB, Ranchi and CLO & AGM at SARG Commercial, Mumbai. He was posted as a Deputy General Manager (FMD) at SARG, Corporate Centre, Mumbai, before taking over the assignment at SBICAP Trustee Company Ltd. He holds a bachelor’s degree in science (Phy. Hons.). After graduation, he completed Executive MBA with specialization in Credit Risk & Derivatives from S. P. Jain Institute of Management & Research, Mumbai. He is also a Certified Associate of Indian Institute of Bankers (CAIIB).